Artesian Res Corp Financials
This page shows Artesian Res Corp (ARTNA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Artesian Res Corp has an operating margin of 24.2%, meaning the company retains $24 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 22.7% the prior year.
Artesian Res Corp's revenue grew 9.2% year-over-year to $108.0M, a solid pace of expansion. This earns a growth score of 55/100.
Artesian Res Corp carries a low D/E ratio of 0.74, meaning only $0.74 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.
Artesian Res Corp's current ratio of 0.96 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 18/100, which could limit financial flexibility.
While Artesian Res Corp generated $36.8M in operating cash flow, capex of $45.9M consumed most of it, leaving -$9.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Artesian Res Corp's ROE of 8.5% shows moderate profitability relative to equity, earning a score of 34/100. This is up from 7.2% the prior year.
Artesian Res Corp scores 0.76, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Artesian Res Corp passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Artesian Res Corp generates $1.81 in operating cash flow ($36.8M OCF vs $20.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Artesian Res Corp earns $3.0 in operating income for every $1 of interest expense ($26.2M vs $8.8M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Artesian Res Corp generated $108.0M in revenue in fiscal year 2024. This represents an increase of 9.2% from the prior year.
Artesian Res Corp's EBITDA was $39.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.2% from the prior year.
Artesian Res Corp generated -$9.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 69.9% from the prior year.
Artesian Res Corp reported $20.4M in net income in fiscal year 2024. This represents an increase of 22.1% from the prior year.
Artesian Res Corp earned $1.98 per diluted share (EPS) in fiscal year 2024. This represents an increase of 18.6% from the prior year.
Artesian Res Corp held $1.1M in cash against $176.5M in long-term debt as of fiscal year 2024.
Artesian Res Corp paid $1.18 per share in dividends in fiscal year 2024. This represents an increase of 3.5% from the prior year.
Artesian Res Corp's operating margin was 24.2% in fiscal year 2024, reflecting core business profitability. This is up 1.5 percentage points from the prior year.
Artesian Res Corp's net profit margin was 18.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.
Artesian Res Corp's ROE was 8.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the prior year.
Artesian Res Corp invested $45.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 26.1% from the prior year.
ARTNA Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30.5M+6.8% | $28.5M+10.3% | $25.9M+5.5% | $24.5M-7.6% | $26.6M+5.2% | $25.3M+12.3% | $22.5M-10.4% | $25.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $8.6M+9.7% | $7.9M+41.6% | $5.5M+0.5% | $5.5M-17.2% | $6.7M+7.3% | $6.2M+52.9% | $4.1M-4.2% | $4.2M |
| Interest Expense | $2.2M+1.8% | $2.2M-0.5% | $2.2M-1.4% | $2.2M-0.3% | $2.2M-5.9% | $2.3M-3.1% | $2.4M+5.2% | $2.3M |
| Income Tax | $1.3M-31.4% | $1.9M+15.7% | $1.7M+40.9% | $1.2M-47.0% | $2.2M+41.2% | $1.6M+21.3% | $1.3M+45.9% | $900K |
| Net Income | $7.0M+10.7% | $6.3M+15.7% | $5.4M+56.2% | $3.5M-31.4% | $5.1M+14.1% | $4.4M+19.9% | $3.7M+59.4% | $2.3M |
| EPS (Diluted) | $0.68+11.5% | $0.61+15.1% | $0.53+51.4% | $0.35-28.6% | $0.49+11.4% | $0.44+12.8% | $0.39+56.0% | $0.25 |
ARTNA Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $833.9M+1.8% | $819.3M+1.3% | $808.9M+5.5% | $766.8M0.0% | $766.8M0.0% | $766.8M0.0% | $766.8M+6.5% | $719.8M |
| Current Assets | $19.6M-12.2% | $22.3M-11.4% | $25.2M-17.8% | $30.6M-9.8% | $33.9M+12.7% | $30.1M+39.4% | $21.6M-22.3% | $27.8M |
| Cash & Equivalents | $705K+102.0% | $349K-90.6% | $3.7M+48.0% | $2.5M-61.2% | $6.5M+9.0% | $5.9M+5050.4% | $115K-91.2% | $1.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $8.2M-25.8% | $11.0M+9.1% | $10.1M-21.4% | $12.8M+22.3% | $10.5M-12.2% | $12.0M+17.0% | $10.2M-24.4% | $13.5M |
| Goodwill | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M |
| Total Liabilities | $585.1M+1.9% | $574.4M+1.3% | $567.2M+5.7% | $536.4M-0.1% | $537.2M-0.4% | $539.6M-6.6% | $577.7M+8.6% | $531.9M |
| Current Liabilities | $29.0M+13.3% | $25.6M-0.2% | $25.6M+14.3% | $22.4M-17.5% | $27.2M+9.8% | $24.8M-43.2% | $43.5M-1.2% | $44.1M |
| Long-Term Debt | $174.7M-0.3% | $175.1M-0.5% | $175.9M-1.3% | $178.3M+1.4% | $175.9M+0.2% | $175.6M-0.4% | $176.3M+0.4% | $175.6M |
| Total Equity | $248.8M+1.6% | $244.9M+1.3% | $241.7M+4.9% | $230.4M+0.4% | $229.6M+1.0% | $227.3M+20.2% | $189.1M+0.6% | $187.9M |
| Retained Earnings | $94.2M+4.2% | $90.4M+3.6% | $87.3M+13.8% | $76.7M+0.7% | $76.2M+2.9% | $74.1M+2.4% | $72.3M+1.5% | $71.3M |
ARTNA Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.0M+38.4% | $7.9M-27.6% | $11.0M+29.1% | $8.5M+4.3% | $8.1M+72.7% | $4.7M-55.1% | $10.5M+1438.6% | -$785K |
| Capital Expenditures | $14.3M-10.1% | $15.9M+52.5% | $10.4M-22.0% | $13.3M-19.3% | $16.5M+6.5% | $15.5M-7.6% | $16.8M+42.0% | $11.8M |
| Free Cash Flow | -$3.3M+58.8% | -$7.9M-1515.0% | $560K+111.6% | -$4.8M+42.2% | -$8.4M+22.4% | -$10.8M-71.9% | -$6.3M+50.1% | -$12.6M |
| Investing Cash Flow | -$14.2M+9.8% | -$15.8M-51.8% | -$10.4M+21.9% | -$13.3M+19.4% | -$16.5M-6.5% | -$15.5M+7.4% | -$16.7M-41.8% | -$11.8M |
| Financing Cash Flow | $3.6M-19.8% | $4.5M+124.4% | $2.0M+129.0% | $872K-90.2% | $8.9M-46.4% | $16.6M+229.5% | $5.0M-63.5% | $13.8M |
| Dividends Paid | $3.2M0.0% | $3.2M+2.1% | $3.1M+4.3% | $3.0M-3.4% | $3.1M+21.6% | $2.5M-4.2% | $2.6M+0.2% | $2.6M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ARTNA Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 28.3%+0.8pp | 27.5%+6.1pp | 21.4%-1.1pp | 22.5%-2.6pp | 25.1%+0.5pp | 24.6%+6.5pp | 18.1%+1.2pp | 16.9% |
| Net Margin | 22.8%+0.8pp | 22.0%+1.0pp | 21.0%+6.8pp | 14.2%-4.9pp | 19.1%+1.5pp | 17.6%+1.1pp | 16.5%+7.2pp | 9.3% |
| Return on Equity | 2.8%+0.2pp | 2.6%+0.3pp | 2.3%+0.7pp | 1.5%-0.7pp | 2.2%+0.3pp | 1.9%0.0pp | 2.0%+0.7pp | 1.2% |
| Return on Assets | 0.8%+0.1pp | 0.8%+0.1pp | 0.7%+0.2pp | 0.4%-0.2pp | 0.7%+0.1pp | 0.6%+0.1pp | 0.5%+0.2pp | 0.3% |
| Current Ratio | 0.68-0.2 | 0.87-0.1 | 0.98-0.4 | 1.37+0.1 | 1.25+0.0 | 1.22+0.7 | 0.50-0.1 | 0.63 |
| Debt-to-Equity | 0.70-0.0 | 0.72-0.0 | 0.73-0.0 | 0.770.0 | 0.770.0 | 0.77-0.2 | 0.930.0 | 0.93 |
| FCF Margin | -10.7%+17.0pp | -27.8%-29.9pp | 2.2%+21.9pp | -19.8%+11.8pp | -31.6%+11.2pp | -42.8%-14.9pp | -27.9%+22.3pp | -50.2% |
Note: The current ratio is below 1.0 (0.96), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Artesian Res Corp's annual revenue?
Artesian Res Corp (ARTNA) reported $108.0M in total revenue for fiscal year 2024. This represents a 9.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Artesian Res Corp's revenue growing?
Artesian Res Corp (ARTNA) revenue grew by 9.2% year-over-year, from $98.9M to $108.0M in fiscal year 2024.
Is Artesian Res Corp profitable?
Yes, Artesian Res Corp (ARTNA) reported a net income of $20.4M in fiscal year 2024, with a net profit margin of 18.9%.
What is Artesian Res Corp's earnings per share (EPS)?
Artesian Res Corp (ARTNA) reported diluted earnings per share of $1.98 for fiscal year 2024. This represents a 18.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Artesian Res Corp's EBITDA?
Artesian Res Corp (ARTNA) had EBITDA of $39.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Artesian Res Corp have?
As of fiscal year 2024, Artesian Res Corp (ARTNA) had $1.1M in cash and equivalents against $176.5M in long-term debt.
What is Artesian Res Corp's operating margin?
Artesian Res Corp (ARTNA) had an operating margin of 24.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Artesian Res Corp's net profit margin?
Artesian Res Corp (ARTNA) had a net profit margin of 18.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Artesian Res Corp pay dividends?
Yes, Artesian Res Corp (ARTNA) paid $1.18 per share in dividends during fiscal year 2024.
What is Artesian Res Corp's return on equity (ROE)?
Artesian Res Corp (ARTNA) has a return on equity of 8.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Artesian Res Corp's free cash flow?
Artesian Res Corp (ARTNA) generated -$9.1M in free cash flow during fiscal year 2024. This represents a 69.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Artesian Res Corp's operating cash flow?
Artesian Res Corp (ARTNA) generated $36.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Artesian Res Corp's total assets?
Artesian Res Corp (ARTNA) had $798.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Artesian Res Corp's capital expenditures?
Artesian Res Corp (ARTNA) invested $45.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Artesian Res Corp's current ratio?
Artesian Res Corp (ARTNA) had a current ratio of 0.96 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Artesian Res Corp's debt-to-equity ratio?
Artesian Res Corp (ARTNA) had a debt-to-equity ratio of 0.74 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Artesian Res Corp's return on assets (ROA)?
Artesian Res Corp (ARTNA) had a return on assets of 2.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Artesian Res Corp's Altman Z-Score?
Artesian Res Corp (ARTNA) has an Altman Z-Score of 0.76, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Artesian Res Corp's Piotroski F-Score?
Artesian Res Corp (ARTNA) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Artesian Res Corp's earnings high quality?
Artesian Res Corp (ARTNA) has an earnings quality ratio of 1.81x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Artesian Res Corp cover its interest payments?
Artesian Res Corp (ARTNA) has an interest coverage ratio of 3.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Artesian Res Corp?
Artesian Res Corp (ARTNA) scores 49 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.